That's a large chunk of cabbage that a R/S would devastate. A flipper w/ cahunas that rival Deflategate?
A company buy back (the financier has the cash obviously) to be in the next pr w/ more substance than the usual?
That would be awesome
A Pr announcing the convertibles are finished and 1/2 bl share buyback already done would probably cause a run that would rival just paying the cash out and then making 1000% on shares
It would be in their best interest to buyback w/o an announcement so it's far cheaper.
To clear up any speculation about a buy back: according to the SEC and my experience a buyback must be done by buying on the ASK not bid, and there must be a subsequent SEC filing within 24or48 hours (or before any material news comes out) whichever comes first.